Unformatted text preview: bonds are looking at a time when they are not so expensive. What are the payroll taxes paid by employees? What are the payroll taxes paid by the employer? What types of reports are used to document to the government the payroll taxes paid by the employee and employer? The payroll taxes paid by employees are FICA (which is social security and Medicare), Federal tax, and State tax. The payroll that is paid by the employer are FICA, FUTA, and SUTA. Some of the reports that are used to document to the government the payroll taxes that are paid by the employee and employer are the W-2 and another that I can think of is the form 8109....
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- Spring '09
- Financial Accounting, Taxation in the United States, Federal Insurance Contributions Act tax